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Chanelle Bessette's avatar

Chanelle Bessette

Lead Writer & Content Strategist
Expertise
  • Banking •
  • Checking Accounts •
  • Cash Management Accounts
How I Think About Money “Personal finance education isn't common in the U.S., and we're trying to bridge that knowledge gap. I love helping people learn more about their money and how to make the best financial decisions. Don't forget, compound interest is your best friend! ”
9+ Years of Experience
100+ Articles Written
439K+ Readers Reached
Previous experience
Fortune, Forbes, Reno Gazette-Journal
Education
B.A. in Journalism from University of Nevada, Reno, B.A. in English from University of Nevada, Reno
Chanelle Bessette is a personal finance writer at NerdWallet covering Banking, especially Checking Accounts and Cash Management Accounts. She previously worked at Fortune, Forbes and the Reno Gazette-Journal. Her expertise has appeared in The New York Times, Vox and Apartment Therapy.

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Compound Interest Explained | NerdWallet
2:59
Featured video

Compound Interest Explained | NerdWallet

Compound interest can be an important tool to grow your balance, but how does it work? Banking Nerd Chanelle Bessett breaks down what compound interest is and how you can calculate and use it to start saving your money effectively. Suggested Articles: Compound Interest Calculator: https://www.nerdwallet.com/calculator/compound-interest-calculator?utm_source=yt&utm_medium=sc&utm_campaign=ba_mktg_organic_041624_social_cm_yt_vertical_promotionalexplainer_compound-interest-calculator Compare Online Brokers For Investing: https://www.nerdwallet.com/m/investing/standout-online-brokers-cs-2 Chapters: 0:00 - Intro 0:16 - What Is Compound Interest? 0:45 - Compound Interest Example 2:13 - Certificate of Deposit Explained 2:33 - Conclusion #NerdWallet #CompoundInterest #Saving Subscribe to NerdWallet - https://bit.ly/3wGvVf3 About NerdWallet: We’re NerdWallet. And we’re not your typical finance company. We believe that everyone should be able to make financial decisions with confidence. We’ve built a team of Nerds with the knowledge, passion, and skills to make that happen. Thanks to our Nerdy experts, see side-by-side comparisons and objective reviews of the best credit cards, bank accounts, and so much more — so you can get even more financial clarity. It’s the smartest decision for all your financial decisions. Disclaimer: This video is for informational and educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Any comments posted under NerdWallet's official account videos are not reviewed or endorsed by NerdWallet or representatives of financial institutions affiliated with the reviewed products unless explicitly stated otherwise. Avoid disclosing personal or sensitive information such as bank accounts or phone numbers. NerdWallet employees do not offer personalized financial advice and will not respond to posts here. Connect with NerdWallet: Follow NerdWallet on TikTok: https://tiktok.com/@nerdwallet Follow NerdWallet on Instagram: https://instagram.com/nerdwallet Follow NerdWallet on Twitter: https://twitter.com/NerdWallet Follow NerdWallet on Facebook: https://facebook.com/NerdWallet NerdWallet Website: https://nerdwallet.com Compound Interest Explained | NerdWallet https://www.youtube.com/c/nerdwallet

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